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Lakshmi Mills

BSE:502958
Snowflake Description

Adequate balance sheet with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
502958
BSE
₹2B
Market Cap
  1. Home
  2. IN
  3. Consumer Durables
Company description

The Lakshmi Mills Company Limited manufactures, sells, and exports yarns in India and internationally. The last earnings update was 11 days ago. More info.


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502958 Share Price and Events
7 Day Returns
-2.5%
BSE:502958
0.3%
IN Luxury
1%
IN Market
1 Year Returns
-23.6%
BSE:502958
-8.7%
IN Luxury
-8.2%
IN Market
502958 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lakshmi Mills (502958) -2.5% -8.7% -16.3% -23.6% 25.9% 71.7%
IN Luxury 0.3% -0.2% -2.3% -8.7% 55.9% 186.4%
IN Market 1% -2.2% -1.2% -8.2% 46.7% 78.8%
1 Year Return vs Industry and Market
  • 502958 underperformed the Luxury industry which returned -8.7% over the past year.
  • 502958 underperformed the Market in India which returned -8.2% over the past year.
Price Volatility
502958
Industry
5yr Volatility vs Market

502958 Value

 Is Lakshmi Mills undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Lakshmi Mills. This is due to cash flow or dividend data being unavailable. The share price is ₹2636.5.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Lakshmi Mills's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lakshmi Mills's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:502958 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in INR ₹-43.83
BSE:502958 Share Price ** BSE (2019-02-22) in INR ₹2636.5
India Luxury Industry PE Ratio Median Figure of 236 Publicly-Listed Luxury Companies 11.69x
India Market PE Ratio Median Figure of 2,709 Publicly-Listed Companies 15.49x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Lakshmi Mills.

BSE:502958 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:502958 Share Price ÷ EPS (both in INR)

= 2636.5 ÷ -43.83

-60.16x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lakshmi Mills is loss making, we can't compare its value to the IN Luxury industry average.
  • Lakshmi Mills is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does Lakshmi Mills's expected growth come at a high price?
Raw Data
BSE:502958 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -60.16x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
40.8%per year
India Luxury Industry PEG Ratio Median Figure of 27 Publicly-Listed Luxury Companies 0.99x
India Market PEG Ratio Median Figure of 607 Publicly-Listed Companies 1.15x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Lakshmi Mills, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Lakshmi Mills's assets?
Raw Data
BSE:502958 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in INR ₹6,610.99
BSE:502958 Share Price * BSE (2019-02-22) in INR ₹2636.5
India Luxury Industry PB Ratio Median Figure of 306 Publicly-Listed Luxury Companies 0.71x
India Market PB Ratio Median Figure of 3,588 Publicly-Listed Companies 1.05x
BSE:502958 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:502958 Share Price ÷ Book Value per Share (both in INR)

= 2636.5 ÷ 6,610.99

0.4x

* Primary Listing of Lakshmi Mills.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lakshmi Mills is good value based on assets compared to the IN Luxury industry average.
X
Value checks
We assess Lakshmi Mills's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check)
  5. Lakshmi Mills has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

502958 Future Performance

 How is Lakshmi Mills expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

  • No analysts cover Lakshmi Mills, future earnings growth has been estimated based on fundamentals.
The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
40.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lakshmi Mills expected to grow at an attractive rate?
  • Lakshmi Mills's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Lakshmi Mills's earnings growth is expected to exceed the India market average.
  • Unable to compare Lakshmi Mills's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:502958 Future Growth Rates Data Sources
Data Point Source Value (per year)
BSE:502958 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts 40.8%
India Luxury Industry Earnings Growth Rate Market Cap Weighted Average 18.4%
India Luxury Industry Revenue Growth Rate Market Cap Weighted Average 15%
India Market Earnings Growth Rate Market Cap Weighted Average 18.6%
India Market Revenue Growth Rate Market Cap Weighted Average 11.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:502958 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:502958 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2018-12-31 2,519 -30
2018-09-30 2,461 23
2018-06-30 2,387 22
2018-03-31 2,367 126 14
2017-12-31 2,253 21
2017-09-30 2,284 14
2017-06-30 2,327 17
2017-03-31 2,272 165 11
2016-12-31 2,178 -12
2016-09-30 2,094 -14
2016-06-30 1,988 -9
2016-03-31 1,992 111 10

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Lakshmi Mills's earnings are expected to grow significantly at over 20% yearly.
  • Unable to determine if Lakshmi Mills is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:502958 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Lakshmi Mills Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:502958 Past Financials Data
Date (Data in INR Millions) EPS *
2018-12-31 -43.83
2018-09-30 32.53
2018-06-30 31.52
2018-03-31 20.46
2017-12-31 30.62
2017-09-30 19.77
2017-06-30 23.78
2017-03-31 15.32
2016-12-31 -16.63
2016-09-30 -20.80
2016-06-30 -12.39
2016-03-31 15.07

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Lakshmi Mills will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Lakshmi Mills's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Lakshmi Mills has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

502958 Past Performance

  How has Lakshmi Mills performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Lakshmi Mills's growth in the last year to its industry (Luxury).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Lakshmi Mills does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Lakshmi Mills's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Lakshmi Mills's 1-year growth to the IN Luxury industry average as it is not currently profitable.
Earnings and Revenue History
Lakshmi Mills's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Lakshmi Mills Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:502958 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 2,519.28 -30.48 349.26
2018-09-30 2,461.21 22.62 346.48
2018-06-30 2,387.34 21.92 347.01
2018-03-31 2,366.85 14.23 346.69
2017-12-31 2,252.74 21.31 343.26
2017-09-30 2,284.14 13.76 344.06
2017-06-30 2,326.68 16.54 428.31
2017-03-31 2,272.27 10.66 342.89
2016-12-31 2,178.12 -11.57 344.32
2016-09-30 2,093.71 -14.47 337.87
2016-06-30 1,988.23 -8.62 325.69
2016-03-31 1,991.97 10.48 324.15
2015-12-31 2,009.27 33.78 409.97
2015-09-30 2,035.19 47.26 408.18
2015-06-30 2,177.47 52.04 406.14
2015-03-31 2,213.00 42.91 311.70
2014-12-31 2,234.85 -43.56 369.55
2014-09-30 2,294.35 -39.58 364.77
2014-06-30 2,284.73 -44.74 273.00
2014-03-31 2,180.06 94.00 351.61
2013-12-31 2,067.75 256.19 324.96
2013-09-30 1,972.95 248.15 264.79
2013-06-30 1,814.76 271.98 244.37
2013-03-31 1,638.91 110.50 291.21
2012-12-31 1,464.28 -33.49 282.63
2012-09-30 1,393.55 -39.21 268.85
2012-06-30 1,296.49 -103.70 259.83
2012-03-31 1,494.24 -131.75 244.01

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Lakshmi Mills has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • Lakshmi Mills used its assets less efficiently than the IN Luxury industry average last year based on Return on Assets.
  • It is difficult to establish if Lakshmi Mills improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Lakshmi Mills's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Lakshmi Mills has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

502958 Health

 How is Lakshmi Mills's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Lakshmi Mills's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Lakshmi Mills's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Lakshmi Mills's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Lakshmi Mills's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Lakshmi Mills Company Filings, last reported 1 month ago.

BSE:502958 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 4,597.89 620.45 22.33
2018-09-30 4,597.89 620.45 22.33
2018-06-30 4,913.27 766.60 13.64
2018-03-31 4,913.27 766.60 13.64
2017-12-31 4,339.50 584.04 34.23
2017-09-30 4,339.50 584.04 34.23
2017-06-30 1,362.75 640.11 29.78
2017-03-31 3,576.04 637.87 3.38
2016-12-31 1,358.28 549.90 30.08
2016-09-30 1,358.28 549.90 30.08
2016-06-30 1,351.24 568.11 12.53
2016-03-31 1,351.24 624.23 12.53
2015-12-31 1,380.27 500.12 16.16
2015-09-30 1,380.27 500.12 16.16
2015-06-30 1,348.29 622.77 35.37
2015-03-31 1,348.29 622.77 35.37
2014-12-31 1,345.57 511.09 37.85
2014-09-30 1,345.57 511.09 37.85
2014-06-30 1,321.40 560.19 39.84
2014-03-31 1,321.40 669.07 39.84
2013-12-31 1,400.81 493.30 62.16
2013-09-30 1,400.81 493.30 62.16
2013-06-30 1,239.61 552.75 22.71
2013-03-31 1,239.61 717.88 22.71
2012-12-31
2012-09-30
2012-06-30 1,138.87 940.28 81.19
2012-03-31 1,138.87 940.28 81.19
  • Lakshmi Mills's level of debt (13.5%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (35.4% vs 13.5% today).
  • Debt is well covered by operating cash flow (20.2%, greater than 20% of total debt).
  • Lakshmi Mills is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Lakshmi Mills's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Lakshmi Mills has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

502958 Dividends

 What is Lakshmi Mills's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.34%
Current annual income from Lakshmi Mills dividends.
If you bought ₹2,000 of Lakshmi Mills shares you are expected to receive ₹7 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Lakshmi Mills's pays a lower dividend yield than the bottom 25% of dividend payers in India (0.55%).
  • Lakshmi Mills's dividend is below the markets top 25% of dividend payers in India (2.04%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:502958 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Luxury Industry Average Dividend Yield Market Cap Weighted Average of 109 Stocks 0.7%
India Market Average Dividend Yield Market Cap Weighted Average of 1397 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.6%
India Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

BSE:502958 Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2018-08-13 9.000 0.295
2017-07-11 9.000 0.288
2016-09-19 9.000 0.365
2016-05-26 9.000 0.402
2015-11-18 15.000 0.690
2014-09-12 15.000 0.669
2014-05-26 15.000 0.685
2013-12-11 12.000 0.738
2013-06-06 12.000 0.757
2013-02-01 0.000 0.000
2012-11-05 0.000 0.000
2012-08-01 0.000 0.000
2012-05-31 0.000 0.000
2011-10-11 9.000 0.592
2010-07-30 9.000 0.440
2010-05-26 9.000 0.354
2009-06-19 5.000 0.345
2009-06-01 5.000 0.437
2009-02-25 5.000 0.752

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Lakshmi Mills's earnings are paid to the shareholders as a dividend.
  • The company is paying a dividend however it is incurring a loss.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Lakshmi Mills's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Lakshmi Mills afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lakshmi Mills has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

502958 Management

 What is the CEO of Lakshmi Mills's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
S. Pathy
COMPENSATION ₹8,693,317
AGE 69
CEO Bio

Mr. S. Pathy has been the Managing Director of Lakshmi Mills Co. Ltd. since April 24, 1996 and its Executive Chairman since June 11, 2009. Mr. Pathy has over 35 years in the field of textile and textile machinery. He serves as the Non Executive Chairman of Lakshmi Automatic Loom Works Limited. He serves as the Vice Chairman of Lakshmi Synthetic Machinery Manufacturers Ltd. He served as Executive Vice Chairman of Lakshmi Mills Co. Ltd. until June 11, 2009. He has been an Executive Director of The Lakshmi Mills Company Limited since September 27, 1995. He has been an Independent Non-Executive Director of Lakshmi Machine Works Limited since March 21, 1973. He serves as a Non Executive Director of Lakshmi Automatic Loom Works Limited, Lakshmi Card Clothing Mfg. Company Limited, LCC Investments Limited, The Coimbatore Lakshmi Cotton Press (P) Limited, Sans Craintes Stud Farm (P) Limited, Sans Craintes Livestock (P) Limited, Sans Craintes Racing & Blood Stock (P) Limited and Rasakondalu Developers (P) Limited. He is a trustee of the Kuppuswamy Naidu Charity Trust for Education and Medical Relief and was also the Executive Council Member of the Textile Machinery Manufacturers Association. Mr. Pathy is a Commerce Graduate from University of Madras.

CEO Compensation
  • S.'s compensation has increased whilst company is loss making.
  • S.'s remuneration is higher than average for companies of similar size in India.
Management Team

S. Pathy

TITLE
Executive Chairman
COMPENSATION
₹9M
AGE
69

N. Singaravel

TITLE
Compliance Officer & Company Secretary
COMPENSATION
₹1M
TENURE
6 yrs

Aditya Pathy

TITLE
Deputy MD & Whole Time Director
COMPENSATION
₹6M
AGE
32
Board of Directors Tenure

Average tenure and age of the Lakshmi Mills board of directors in years:

8.7
Average Tenure
69.5
Average Age
  • The tenure for the Lakshmi Mills board of directors is about average.
Board of Directors

Santharam Naidu

TITLE
Vice Chairman
COMPENSATION
₹200K
AGE
81
TENURE
8.5 yrs

S. Pathy

TITLE
Executive Chairman
COMPENSATION
₹9M
AGE
69
TENURE
9.7 yrs

Aditya Pathy

TITLE
Deputy MD & Whole Time Director
COMPENSATION
₹6M
AGE
32
TENURE
9.7 yrs

D. Rajendran

TITLE
Non-Executive Independent Director
COMPENSATION
₹185K
AGE
70
TENURE
12.2 yrs

Satish Ajmera

TITLE
Non-Executive Independent Director
COMPENSATION
₹200K
AGE
74
TENURE
8.8 yrs

Sanjay Jayavarthanavelu

TITLE
Non-Executive Non Independent Director
COMPENSATION
₹125K
AGE
50
TENURE
8.6 yrs

Suguna Ravichandran

TITLE
Non-Executive Independent Director
COMPENSATION
₹140K
AGE
60
TENURE
4 yrs

Vijay Venkatasamy

TITLE
Independent Director
COMPENSATION
₹20K
AGE
71
TENURE
1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
08. Sep 18 Buy Coimbatore Lakshmi Cotton Press Pvt Ltd Company 06. Sep 18 06. Sep 18 500 ₹3,318.70 ₹1,659,351
25. Jul 18 Buy Coimbatore Lakshmi Cotton Press Pvt Ltd Company 24. Jul 18 24. Jul 18 500 ₹3,237.81 ₹1,618,907
11. Jul 18 Buy Coimbatore Lakshmi Cotton Press Pvt Ltd Company 09. Jul 18 09. Jul 18 490 ₹3,245.25 ₹1,590,173
X
Management checks
We assess Lakshmi Mills's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Lakshmi Mills has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

502958 News

Simply Wall St News

502958 Company Info

Map
Description

The Lakshmi Mills Company Limited manufactures, sells, and exports yarns in India and internationally. It offers combed cotton, polyester cotton blended, lenzing micro modal/modal/tencel, micro modal/modal cotton blended, micro tencel, tencel/cotton blended, and X-static yarns. The company also manufactures and trades in grey, processed, and dyed fabrics, as well as school and corporate uniforms; and special products for use in nursing homes, hospitals, and operation theatres. The Lakshmi Mills Company Limited was founded in 1910 and is based in Coimbatore, India.

Details
Name: The Lakshmi Mills Company Limited
502958
Exchange: BSE
Founded: 1910
₹1,833,817,575
695,550
Website: http://www.lakshmimills.com
Address: The Lakshmi Mills Company Limited
686, Avanashi Road,
Pappanaickenpalayam,
Coimbatore,
Tamil Nadu, 641037,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 502958 Equity Shares Mumbai Stock Exchange IN INR 03. May 2001
Number of employees
Current staff
Staff numbers
426
Lakshmi Mills employees.
Industry
Textiles
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/23 12:36
End of day share price update: 2019/02/22 00:00
Last earnings filing: 2019/02/12
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.